If a Country Has a Comparative Advantage in the Production

question 34

Multiple Choice

If a country has a comparative advantage in the production of paper:

• A) Its opportunity cost of producing paper is lower than its trading partners.
• B) It can produce paper with fewer resources than its trading partners.
• C) Its opportunity cost of producing paper is greater than its trading partners.
• D) The relative price of paper is higher in that country than its trading partners.

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Definitions:

Gender Gap

The term denotes the disparities between individuals based on their sex, especially as seen in societal roles, status, and earnings.

Employment Equity

Is a policy giving preference to minority group members if equally qualified people are available for a position.

Socialist Feminism

A feminist theory that incorporates the principles of socialism to address the interconnected issues of patriarchy and economic inequality.

Liberal Feminism

A branch of feminism focused on achieving gender equality through political and legal reform within the current system.